Peel Hunt has been appointed as NOMAD and joint corporate broker to Central Asia Metals plc, as announced on 10 March, 2014. CAML is AIM listed and has a market cap of c£150m (Ticker symbol: CAML).
CAML is a copper producing company focused on base metals in Central Asia. CAML is in the process of completing transaction to acquire 100% of the Kounrad operation (60% currently) in Kazakstan. CAML already enjoys 100% of the Kounrad cash flows for 2014 as it owns 100% of the plant. At 31 December, CAML had $47.9m of cash. CAML announced a strategic investment in Copper Bay Ltd in Chile in November 2013. CAML acquired a 51% interest for a cash consideration of £2.0m.